Bit Origin Ltd Announces Receipt of Nasdaq Notification of Minimum Stockholders’ Equity Non-Compliance

Core Points - Bit Origin Ltd has received a notification from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement, specifically failing to maintain at least $2,500,000 in stockholders' equity [1][2] - As of June 30, 2024, the company's reported stockholders' equity was $909,583 [1] - The company has 45 days to submit a plan to regain compliance, with the possibility of an extension of up to 180 days if the plan is accepted [2] Company Overview - Bit Origin Ltd, previously known as China Xiangtai Food Co., Ltd, operates in the cryptocurrency mining sector and is based in the United States [3] - The company is also involved in deploying blockchain technologies and has diversified expansion strategies [3]